On May 24, 2024, the Nifty 50 declined 0.05% and closed at 22,957, and the Sensex dropped 0.01%, closing at 75,410. Top Gainers and Losers On the sectoral front, Nifty Media, Nifty Financial Services, Nifty Oil & Gas, and Nifty Bank ended in the green. Meanwhile, Nifty FMCG, Nifty Realty, Nifty Midsmall Healthcare and Nifty …
In Q4FY24, the company exhibited strong financial growth and improved operational efficiency compared to Q4FY23. Despite stagnant revenue from operations, the company saw a remarkable 32% increase in net profit, reaching Rs.3,174 crore. Moreover, EBITDA surged by 23.7%, indicating enhanced profitability and better management of operational costs. The EBITDA margin also saw a significant uptick, …
On May 24, 2024, Aurionpro Solutions Limited informed the stock exchanges that the company’s subsidiary, Aurionpro Transit, has entered into a strategic collaboration with Fime to explore opportunities in transit ticketing, payments, and fare collection projects worldwide. Fime is a leading provider of consulting and testing services for payment systems. Aurionpro Solutions Limited stated that …
Inox Wind Ltd. is an Indian wind energy service provider, headquartered in Noida, India, and a subsidiary of the Inox Group. It manufactures Wind Turbine Generators (WTGs) and provides services such as wind resource assessment, site acquisition, and more. The shares of Inox Wind have cracked down by 10% today as a large block deal …
Life Insurance Corporation of India (LIC), The Indian multinational public sector life insurance company is India’s largest insurance company as well as the largest institutional investor with total assets under management worth Rs.52.52 trillion as of March 2024. It is under the ownership of the Government of India and administrative control of the Ministry of …
Nation Pride Contract with GTRE AZAD Engineering has recently secured a prestigious nation pride contract from the Gas Turbine Research Establishment (GTRE), a pioneering Research and Development Organization under DRDO (Defence Research and Development Organisation) and the Ministry of Defence, Government of India. The contract involves the end-to-end manufacturing, assembly, and integration of a complete …
On May 24, 2024, Caplin Point Laboratories Limited informed the stock exchanges that the company’s subsidiary, Caplin Steriles Limited, has received final approval from the United States Food and Drug Administration (USFDA). The approval is for its Abbreviated New Drug Application (ANDA) for Phenylephrine hydrochloride Ophthalmic Solution USP 2.5% and 10% (eye drops). Phenylephrine hydrochloride …
On May 24, 2024, DroneAcharya Aerial Innovations Limited, in a stock exchange filing, announced a strategic partnership with Airbots Aerospace Technologies Private Limited via a Memorandum of Understanding (MOU). The company stated that this collaboration aims to enhance their combined initiatives in the drone sector, particularly agricultural applications. As per the agreement between DroneAcharya Aerial …
On May 24, 2024, Jagsonpal Pharmaceuticals Limited informed the exchanges about the launch of MemUp, India’s first hormone replacement therapy (HRT) that features a US FDA-approved combination of bioidentical estradiol and bio-identical progesterone in a single daily oral capsule. MemUp represents a major advancement in women’s healthcare, providing an innovative solution for managing vasomotor symptoms …
On May 23, 2024, HCL Technologies Limited (HCLTech) informed the exchanges that the company won the SAP Pinnacle Award in the Social Impact category for the HCLTech AquaSphere solution that helps companies reach their water conservation goals. The SAP Pinnacle Awards recognise leading SAP partners each year for their dedication to delivering customer value, achieving …
